Author: FX
Thursday’s session saw the S&P 500 close at a fresh record high as Trump announced an Israel-Lebanon ceasefire while TSMC’s blockbuster earnings fueled broad AI sector optimism. Source link
OCBC’s strategists Sim Moh Siong and Christopher Wong observe USD/MYR nearing key support as markets price optimism over US–Iran negotiations and a softer US Dollar (USD). They stress that Malaysia’s growth momentum and higher commodity prices continue to underpin foreign inflows, with a stable Renminbi (RMB) anchoring Malaysian Ringgit (MYR). A falling wedge suggests possible bullish reversal, with focus on 3.90–3.92 support and a potential move toward 3.88.Repricing geopolitics with firm fundamentals”Markets are repricing quickly on optimism that US and Iran are considering a return to the negotiation table while USD continued to trade on a softer footing.””Fundamentals have not…
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Standard Chartered Bank economists Madhur Jha and Ethan Lester assess how the Middle East conflict could affect global remittances. They argue that Gulf Cooperation Council (GCC) economies are key sources of remittance inflows for countries such as Egypt, Pakistan, Philippines, Bangladesh and Sri Lanka. While the non-oil impact is seen as smaller than COVID-19, a prolonged conflict could trigger expat relocation and weaker remittance flows.GCC-driven remittance risks under conflict”The ongoing energy price shock is the biggest risk to the global outlook, potentially tipping the global economy into recession if sustained. Our concerns are compounded by the physical disruption to oil…
There was a report from Iranian media two days ago that a ceasefire was hours away and that turned out to be not true. Note that this one is from Haaretz, which is a daily Israeli newspaper. It says that the Israeli army is preparing to halt combat operations between 7 pm and midnight local time. It’s currently 4:30 pm in Tel Aviv.This is obviously good news for peace negotiations in Iran and the region.Pete Hegseth had some tough talk today but the political signs continue to point towards some kind of deal. However the risk-reward here isn’t great as…
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the recovery narrative is overshadowing the International Monetary Fund’s (IMF) weaker growth outlook, with global equities at record highs and the US Dollar (USD) retracing losses. Haddad does not expect the US Dollar Index (DXY) to break its established 96.00–100.00 range in coming months, as rate differentials and still-strong foreign demand for US long-term securities underpin USD near term.Range-bound Dollar with structural headwinds”Markets continue to look beyond the IMF’s gloomier growth forecast and trading the recovery narrative. We agree.””We don’t expect USD to make new cyclical lows in the next few months.…
Abbott cuts earnings outlook to reflect Exact Sciences buyout Source link
Prior +1.9%Core CPI +2.3% vs +2.3% y/y prelimPrior +2.4%More to come.. This article was written by Justin Low at investinglive.com. Source link
Deutsche Bank strategists highlight that the S&P 500 has rebounded sharply from its March 30 eight‑month low, rallying over 10% to close above 7,000 at fresh record highs. They frame this as a high‑beta version of the usual geopolitical playbook, with the decline slightly worse and longer than average, but the recovery faster. US equities are also being supported by strong technology and consumer cyclicals and positive bank earnings.US benchmark extends post-shock rebound”Just as I went on holiday, on March 30th the S&P 500 closed at 6343.7 and at an 8-month low. Fast forward 11 business days and we closed…
The MTF Trend Indicator MT5 tackles this exact issue. By displaying trend direction across multiple timeframes simultaneously on one chart, it gives traders the context they need to align their trades with the dominant market direction. No more switching between charts or missing critical trend information from higher timeframes. What Is the MTF Trend Indicator? The MTF Trend Indicator MT5 is a technical analysis tool that shows trend direction from multiple timeframes within a single chart window. Unlike standard indicators that only analyze the current timeframe you’re viewing, this multi-timeframe approach displays whether the trend is bullish, bearish, or neutral…